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VIC › Caroline Springs › Kororoit Approach

38 Kororoit Approach, Caroline Springs VIC 3023

For saleHouse

$1,200,000–$1,300,000

For sale

Asking range

5

Bedrooms

3

Bathrooms

5

Car spaces

639 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,200,000–$1,300,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,200,000–$1,300,000(Listing record · 27 Aug 2026)
  • FactLand 639 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Caroline Springs (last 5 years) with land size: median $1,845/m² of land (n=103). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 51% above the Caroline Springs median recorded sale ($795,000, n=149, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Caroline Springs's advertised median rent ($532/wk), implied gross yield would be 2.31% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$1,200,000–$1,300,000

Asking range · $1,878/m² of land

No recorded sale for this property.

Local land rate: recorded House sales in Caroline Springs (last 5 years) with land size have a median of $1,845/m² of land (n=103). Districts calculation from recorded sales — not a valuation.

Caroline Springs at a glance

25,151

People

$795,000

Median sale

$532/wk

Median rent

3.48%

Suburb gross yield

Median sale from 149 recorded sales (last 12 months) — a Districts calculation.

See the full Caroline Springs report →

Vs Caroline Springs

+50.9%

Median sale

Suburb $795,000

-1.17 pp

Gross yield

Suburb 3.48%

Suburb median $795,000 from 149 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$1,200,000
Stamp Duty (Victoria)
$66,000
Transfer/Registration Fee
$2,912
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$1,272,612

$72,612 on top of the price (6.1% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Caroline Springs's advertised median rent — not a rent for this listing.

Net yield
0.81%
Annual cashflow (pre-tax)
$-52,736
Interest cover (DSCR)
0.15
Annual rent
$27,664
Operating expenses
$18,000
Loan amount
$960,000
Annual interest
$62,400
Gross yield
2.31%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$1,200,000–$1,300,000available27 Aug 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $532/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 2.3%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Nearby

Nearby properties

  • 31 Kororoit Approach, Caroline Springs VIC 3023
  • 59 Caroline Springs Blvd, Caroline Springs VIC 3023
  • 10 Finsbury Cl, Caroline Springs VIC 3023
  • 20 Lawson Way, Caroline Springs VIC 3023

Area

Caroline Springs in one glance

Caroline Springs at a glance

25,151

People

$795,000

Median sale

$532/wk

Median rent

3.48%

Suburb gross yield

Median sale from 149 recorded sales (last 12 months) — a Districts calculation.

See the full Caroline Springs report →

Keep researching

  • Why Caroline Springs? Read the area thesis →
  • What else is on the market in Caroline Springs →
  • Other records on Kororoit Approach →

Listing material

Listed by Sweeney Estate Agents Caroline Springs

Rare Side Access, Spacious Living & Tranquil Wetlands Outlook

Adrian Sposato of Sweeney Estate Agents, Caroline Springs' Number One Real Estate Agent for four consecutive years, proudly presents this exceptional residence, offered for sale for the very first time.

Positioned in one of Caroline Springs' most sought-after and peaceful locations, this impressive double-storey family home offers an outstanding combination of generous proportions, versatile living spaces, exceptional entertaining options and a lifestyle that is becoming increasingly difficult to find.

Perfectly positioned directly opposite picturesque wetlands, waterways, walking tracks and parklands, the home provides a wonderful sense of tranquillity and space, while the highly desirable rare side access adds an additional level of flexibility that is sure to appeal to families, tradespeople, boating enthusiasts, caravan owners and those simply looking for additional vehicle or recreational storage.

Read the full description

From the moment you arrive, the striking brick archway entrance creates an inviting first impression and welcomes you into a thoughtfully designed home offering plenty of space for the growing or extended family.

The accommodation comprises four spacious bedrooms, all complete with built-in robes, including the rare advantage of two master bedrooms. The first master bedroom is conveniently positioned downstairs, providing an ideal option for guests, parents or multigenerational living, while the second master suite is located upstairs, offering additional privacy and separation.

The home's flexible floorplan continues with a welcoming front formal lounge room, providing the perfect space to relax, unwind or entertain guests. A separate versatile room further enhances the floorplan and can be utilised as a home office, theatre room, children's retreat or potential fifth bedroom, depending on your family's individual requirements.

At the heart of the home is the impressive open-plan kitchen, meals and family area, creating a central hub for everyday living and entertaining. The stylish kitchen features a large stone island bench, quality cooking appliances, dishwasher, glass splashback and an abundance of bench and cupboard space, providing everything required for both everyday family living and entertaining on a larger scale.

The spacious family area is further enhanced by a beautiful gas fireplace, creating a warm and inviting atmosphere throughout the cooler months, while elegant plantation shutters add a sophisticated and timeless touch to the home's interiors.

Large sliding doors provide a seamless connection between the indoor living spaces and the expansive oversized alfresco area, creating an impressive indoor-outdoor entertaining environment. Whether you're hosting birthdays, family gatherings, weekend barbecues or celebrating special occasions with friends and loved ones, this exceptional outdoor space provides the perfect setting to entertain throughout the year.

Upstairs, a generous retreat or teenagers' living area provides yet another versatile living zone, offering the perfect space for children or teenagers to relax, study or entertain. From here, step outside onto the private balcony and enjoy the peaceful and picturesque outlook across the wetlands. It's an ideal place to enjoy your morning coffee, unwind after a long day or simply take in the tranquillity of the surrounding environment.

A sparkling central bathroom services the upstairs accommodation, while a convenient downstairs powder room caters perfectly for family and guests.

Completing the home is an oversized double-car garage with internal and rear access, together with the highly sought-after rare side access. This additional access provides exceptional versatility and valuable space for additional vehicles, trailers, boats, caravans or other recreational equipment - a feature that is increasingly rare in today's market.

The lifestyle location is equally impressive. Positioned directly opposite an abundance of wetlands, waterways, walking tracks and parklands, you can take advantage of the peace and tranquillity that surrounds the home while enjoying an active and family-friendly lifestyle right at your doorstep.

Whether you're taking an early morning walk, walking the dog, exploring the local waterways or enjoying the surrounding parklands with the family, there is always something to discover and enjoy. Convenience is also assured, with the property located only moments from local schools, Caroline Springs Town Centre, shopping, cafes, restaurants and public transport, ensuring all your everyday needs and lifestyle conveniences are within easy reach.

For those looking to upgrade into a substantial family residence offering space for the whole family, multiple living zones, exceptional entertaining areas and a peaceful lifestyle surrounded by nature, this is an opportunity that deserves your attention.

An exceptional family home, an enviable lifestyle and a location that is difficult to replicate - opportunities of this calibre rarely come to the market. Contact Adrian Sposato on 0419 464 629 today to arrange your inspection. We look forward to welcoming you at our next open for inspection.

Sweeney Estate Agents - "We Know West"

Caroline Springs' Leading Real Estate Agency

(Photo ID is required at all open for inspections.)

DISCLAIMER: Every precaution has been taken to establish the accuracy of the above information; however, it does not constitute any representation by the vendor or agent.

Listing description written by Adrian Sposato, Sweeney Estate Agents Caroline Springs — reproduced as published, not verified by Districts.

Property features

  • Balcony
  • Built-in Robes
  • Courtyard
  • Dishwasher
  • Ducted Cooling
  • Ducted Heating
  • Ensuites: 2
  • Fully Fenced
  • Outdoor Entertaining
  • Remote Garage
  • Rumpus Room
  • Secure Parking
  • Shed
  • Study
  • Toilets: 4
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.